Maris-Tech is Expanding its Operations in the U.S.
Maris-Tech (Nasdaq: MTEK, MTEKW), a global leader in video and AI-based edge computing technology, has announced a major expansion into the U.S. market with the establishment of its new subsidiary, Maris North America Inc. This strategic move aims to accelerate growth in the U.S. defense and homeland security sectors, which are experiencing significant growth. The company has also entered into consulting agreements with two experienced professionals in business development, marketing, and sales to drive growth and capture new opportunities in the U.S. market.
The expansion is expected to enhance Maris-Tech's ability to deliver localized support and forge new business relationships in North America. The company's CEO, Israel Bar, emphasized that this move is a significant step in their global expansion strategy and is expected to boost sales efforts and enable more tailored support for their growing North American customer base.
Maris-Tech (Nasdaq: MTEK, MTEKW), un leader globale nella tecnologia di edge computing basata su video e AI, ha annunciato una grande espansione nel mercato statunitense con l'istituzione della sua nuova sussidiaria, Maris North America Inc. Questa mossa strategica mira ad accelerare la crescita nei settori della difesa e della sicurezza interna degli Stati Uniti, che stanno vivendo una crescita significativa. L'azienda ha anche stipulato accordi di consulenza con due professionisti esperti nello sviluppo commerciale, marketing e vendite per favorire la crescita e cogliere nuove opportunità nel mercato statunitense.
L'espansione dovrebbe migliorare la capacità di Maris-Tech di fornire supporto localizzato e creare nuove relazioni commerciali in Nord America. Il CEO dell'azienda, Israel Bar, ha sottolineato che questa mossa rappresenta un passo significativo nella loro strategia di espansione globale e si prevede che potenzierà gli sforzi di vendita e consentirà un supporto più personalizzato per la loro crescente clientela nordamericana.
Maris-Tech (Nasdaq: MTEK, MTEKW), un líder global en tecnología de computación perimetral basada en video e IA, ha anunciado una gran expansión en el mercado estadounidense con el establecimiento de su nueva subsidiaria, Maris North America Inc. Este movimiento estratégico tiene como objetivo acelerar el crecimiento en los sectores de defensa y seguridad nacional en EE. UU., que están experimentando un crecimiento significativo. La compañía también ha firmado acuerdos de consultoría con dos profesionales experimentados en el desarrollo empresarial, marketing y ventas para impulsar el crecimiento y aprovechar nuevas oportunidades en el mercado estadounidense.
Se espera que la expansión mejore la capacidad de Maris-Tech para ofrecer soporte localizado y establecer nuevas relaciones comerciales en América del Norte. El CEO de la compañía, Israel Bar, enfatizó que este movimiento es un paso significativo en su estrategia de expansión global y se espera que impulse los esfuerzos de ventas y permita un soporte más personalizado para su creciente base de clientes en América del Norte.
Maris-Tech (Nasdaq: MTEK, MTEKW)는 비디오 및 AI 기반 엣지 컴퓨팅 기술의 글로벌 선두주자로서, 새로운 자회사 Maris North America Inc.를 설립하며 미국 시장으로의 대규모 확장을 발표했습니다. 이 전략적 움직임은 성장하고 있는 미국의 방위 및 국민 안전 분야에서의 성장을 가속화하는 것을 목표로 하고 있습니다. 또한 회사는 사업 개발, 마케팅 및 판매 분야의 두 명의 경험이 풍부한 전문가와 컨설팅 계약을 체결했습니다 이는 미국 시장에서의 성장과 새로운 기회를 포착하는 데 기여할 것입니다.
이번 확장은 Maris-Tech가 북미 지역에서 지역화된 지원을 제공하고 새로운 비즈니스 관계를 구축할 수 있는 능력을 향상시킬 것으로 예상됩니다. 회사의 CEO인 Israel Bar는 이 움직임이 글로벌 확장 전략에서 중요한 단계이며, 판매 노력을 증대시키고 북미에서 커지는 고객 기반에 맞춤형 지원을 제공하는 데 도움이 될 것이라고 강조했습니다.
Maris-Tech (Nasdaq: MTEK, MTEKW), un leader mondial dans la technologie de calcul en périphérie basée sur la vidéo et l'IA, a annoncé une grande expansion sur le marché américain avec l'établissement de sa nouvelle filiale, Maris North America Inc. Ce mouvement stratégique vise à accélérer la croissance dans les secteurs de la défense et de la sécurité intérieure aux États-Unis, qui connaissent une croissance significative. L'entreprise a également signé des accords de conseil avec deux professionnels expérimentés en développement commercial, marketing et ventes pour stimuler la croissance et saisir de nouvelles opportunités sur le marché américain.
Cette expansion devrait améliorer la capacité de Maris-Tech à fournir un soutien localisé et à établir de nouvelles relations d'affaires en Amérique du Nord. Le PDG de l'entreprise, Israel Bar, a souligné que ce mouvement constitue une étape significative dans leur stratégie d'expansion mondiale et devrait dynamiser les efforts de vente et permettre un soutien plus personnalisé pour leur clientèle nord-américaine croissante.
Maris-Tech (Nasdaq: MTEK, MTEKW), ein globaler Marktführer in der Video- und KI-basierten Edge-Computing-Technologie, hat eine große Expansion in den US-Markt mit der Gründung seiner neuen Tochtergesellschaft Maris North America Inc. angekündigt. Dieser strategische Schritt zielt darauf ab, das Wachstum in den USA im Verteidigungs- und Heimatschutzsektor zu beschleunigen, der ein signifikantes Wachstum erlebt. Das Unternehmen hat auch Beratungsverträge mit zwei erfahrenen Fachleuten in den Bereichen Geschäftsentwicklung, Marketing und Verkauf abgeschlossen, um das Wachstum voranzutreiben und neue Chancen im US-Markt zu nutzen.
Die Expansion soll die Fähigkeit von Maris-Tech verbessern, lokalisierten Support zu bieten und neue Geschäftsbeziehungen in Nordamerika zu knüpfen. Der CEO des Unternehmens, Israel Bar, betonte, dass dieser Schritt ein bedeutender Teil ihrer globalen Expansionsstrategie ist und voraussichtlich die Verkaufsanstrengungen ankurbeln und gezieltere Unterstützung für ihre wachsende nordamerikanische Kundenbasis ermöglichen wird.
- Establishment of U.S. subsidiary Maris North America Inc. to expand operations
- Entry into the growing U.S. defense and homeland security markets
- Engagement of two experienced consultants for business development, marketing, and sales in the U.S.
- Potential for increased sales and localized customer support in North America
- None.
Insights
The establishment of Maris North America marks a strategic move for Maris-Tech to capitalize on the growing U.S. defense and homeland security markets. With projected market sizes of
The company's focus on AI-driven video solutions for edge computing aligns well with the increasing demand for advanced situational awareness technologies in these sectors. By localizing operations and bringing on experienced consultants, Maris-Tech is positioning itself to better navigate the complex U.S. defense procurement landscape and tailor its offerings to specific customer needs.
However, investors should note that entering the U.S. defense market can be challenging due to stringent regulations and competition from established players. The success of this expansion will largely depend on Maris-Tech's ability to differentiate its technology and secure key contracts. While the move shows promise, it may take time to see significant revenue impact from this new subsidiary.
Maris-Tech's expansion into the U.S. market through Maris North America is a calculated move to tap into high-growth sectors. The HLS market's projected
The engagement of experienced consultants in business development, marketing and sales is a smart strategy to accelerate market penetration. Their industry expertise could be important in navigating the complex U.S. defense and HLS procurement processes and building a strong customer base.
For investors, this move signals Maris-Tech's commitment to growth and its ability to identify and pursue strategic opportunities. However, it's important to monitor the company's execution in this new market, as success will depend on effectively leveraging its AI and video technology to meet specific U.S. market demands and outperform established competitors.
Leading Video and AI-based Edge Computing Company Establishes U.S. Subsidiary to Accelerate Growth in the U.S. Defense and Homeland Security Sectors
Rehovot, Israel, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (AI)-based edge computing technology, today announced a major expansion into the U.S. market with the establishment of its new subsidiary, Maris North America Inc. (“Maris North America”).
The move marks a significant milestone in Maris-Tech’s ongoing global growth and reaffirms the Company’s commitment to delivering cutting-edge solutions for the defense and homeland security (HLS) sectors – both undergoing major growth in the U.S. The HLS market is predicted to be worth US
Maris North America will serve as the strategic hub for Maris-Tech's operations across the U.S., further enhancing its ability to deliver localized support and forge new business relationships in North America.
In line with this expansion, we have entered into consulting agreements with two highly experienced business development, marketing and sales professionals, who we believe will be instrumental in driving growth and capturing new opportunities in the U.S. market. These new consultants bring extensive expertise in the defense and HLS industries, and their contributions will be essential as Maris-Tech continues to build its U.S. customer base.
“Our decision to establish Maris North America is a significant step in our global expansion strategy,” said Israel Bar, CEO of Maris-Tech. “With the engagement of two industry-leading consultants, we are confident that we can establish a strong foothold in the U.S. defense and homeland security markets. We expect our U.S. presence to boost our sales efforts and enable us to deliver more tailored, localized support to our growing customer base across North America.”
With its innovative AI-driven video solutions, Maris-Tech continues to deliver high-performance edge computing technology that enhances situational awareness and operational efficiency for customers worldwide.
About Maris-Tech Ltd.
Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israel technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS) and communication industries worldwide. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.
For more information, visit https://www.maris-tech.com/
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing Maris-Tech’s ongoing global growth and specifically growth and new future opportunities in the U.S. market, growth estimations of the HLS and the defense market, that Maris North America will increase sales efforts and further enhance the Company’s ability to deliver localized support and forge new business relationships in North America, that the two new consultants will be instrumental in driving growth and capturing new opportunities in the U.S. market, and that the U.S. presence will be critical as Maris-Tech continues to build its U.S. customer base. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations:
Nir Bussy, Chief Financial Officer
Tel: +972-72-2424022
Nir@maris-tech.com
FAQ
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